American Express is running a special promotion right now for anyone looking. The details are below, but if you spend $1,000 in 3 months (not hard to to do if you use your credit card for everything), you’ll be handsomely rewarded 25,000 membership rewards points. You can then turn them into either $250 worth of gift cards, or a plane ticket! More info:
American Express(R) Premier Rewards Gold Card
- For a limited time – earn 25,000 Membership Rewards bonus points when you spend $1,000 in 3 months, redeemable toward one domestic coach-class ticket. Offer expires 04/27/2010.
- Earn Membership Rewards points up to three times as fast: You can earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else
- Earn 15,000 bonus points when you spend $30,000 per calendar year. (are you big ballin’?)
- No annual fee for your first year, a savings of $175
If you’re interested, you’ve only got 6 days!
*sign up here*
[THIS PROMO IS NOW OVER — BUT YOU CAN STILL SIGN UP TO WHATEVER CURRENT PROMO IS IF YOU’D LIKE ]
*sign up here*
[THIS PROMO IS NOW OVER — BUT YOU CAN STILL SIGN UP TO WHATEVER CURRENT PROMO IS IF YOU’D LIKE ]
American Express Disclaimer: “This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.”
I'm not sure how great of a deal this is. Read the Terms and Conditions. If you already have an AmEx card, you're not eligible. The annual fee is $0 for the first year, but $175 (!!!!!!!!!!) every year after that. There's a fee for converting rewards points to airline miles. And so on and so forth. Definitely a stay-away, in my opinion at least.
Yeah, it's really going to depend on how much you can take advantage of it or not. I'm actually considering signing up myself for the first year and then canceling ;) Although I've been told it's quite a hassle (on purpose, of course).
But then again, if I can find a way to throw my mortgage on it I'd be hitting the top rewards for sure! Banks just don't seem to want payment via credit ;)
Eh maybe but I would caution against getting a credit card for the sole appeal of "Membership Awards", which come with their own encyclopedia of terms and conditions – especially when the other benefits of this card don't appear to be all that special. I think the decision to get a credit card should be made independent of whatever "limited time offers" are available. If you were planning on getting a credit card before you were made aware of this promotion, I'd suggest checking out Bankrate (http://www.bankrate.com/credit-cards.aspx) for credit card comparisons.
First it’s not a credit card , it’s a charge card that you must pay in full by the due date. Amex charge is a good card to have in a portfolio of revolving credit/charge cards.
The card is a good card due to the purchase protections and other perks which are provided.
look at it like this you get rewards for being forced to pay your balance in full every month.